FTC Shuts Down Debt Reduction Scammers

Managing Debt

FTC Shuts Down Debt Reduction Scammers

FTC Shuts Down Debt Reduction Scammers

Thanks to two recent settlements, marketers who sold consumers on deceptive claims that they could reduce credit card interest rates have been put out of business, according to a recent announcement by the Federal Trade Commission. The companies claimed, falsely, that they could reduce consumers’ credit card interest rates and lower their debts. They committed… Read More

Financial News Roundup: Women Have Poor Negotiating Skills, New Proposal Makes Homeownership Difficult

Mortgages

Financial News Roundup: Women Have Poor Negotiating Skills, New Proposal Makes Homeownership Difficult

Financial News Roundup: Women Have Poor Negotiating Skills, New Proposal Makes Homeownership Difficult

Today’s top news headlines feature a debate over whether women negotiate salary as effectively as men and reasons a new mortgage rule may reduce the number of mortgage applicants. Plus, find out what today’s college graduates hope for their futures. Obtaining A Job Trumps The American Dream, College Graduates Say The Huffington Post Fewer college… Read More

Follow Friday: Weekly Web Roundup (6/3/11)

Personal Finance

Follow Friday: Weekly Web Roundup (6/3/11)

Follow Friday: Weekly Web Roundup (6/3/11)

A common thread in this week’s Follow Friday Weekly Web Roundup— and in the financial product industry as a whole— is “borrower beware.” Building credit and having a nice cash flow for the finer things in life are fantastic achievements, but in order to get there we caution everyone to be certain of what you’re… Read More

Retirement Account Loans: The New Home Equity Loan?

Mortgages

Retirement Account Loans: The New Home Equity Loan?

Retirement Account Loans: The New Home Equity Loan?

In the early- to mid-2000s, millions of home owners drained tapped their home equity to pay for home renovations, college educations for their children and, in some cases, even frivolous spending like vacations. But around 2007-2008, when the housing bubble burst, most lenders shut that spigot off. Now it looks like retirement account loans could… Read More

Credit Card Rewards Growing More Generous

Credit Cards

Credit Card Rewards Growing More Generous

Credit Card Rewards Growing More Generous

Introductory rates, bonus sign-up offers and rewards programs are now growing more attractive as credit card lenders increase efforts to draw more consumers back into the credit market, according to a report from the Richmond Times-Dispatch. For example, consumers with healthy credit ratings will be able to receive tens or even hundreds of thousands of… Read More

Play It Again, SAM

Mortgages

Play It Again, SAM

Play It Again, SAM

This country is in the midst of a housing crisis — a devastating housing crisis reminiscent of the 1930s — and no one, not the government, not private industry, seems to be able to fix it. Well, there is a strategy out there that has quietly been proposed that could stop the bleeding, and incredibly… Read More

Google Wallet’s Potential Security Hole

Identity Theft

Google Wallet’s Potential Security Hole

Google Wallet’s Potential Security Hole

There’s a lot of hullabaloo right now about turning your smartphone into a wallet. Phone companies and major banks hope that someday people will reach for their phone instead of their credit card or cash to buy coffee, gas and household items (especially since processing a bunch of ones and zeroes is much cheaper than… Read More

$8 Trillion in the Bank; Americans’ Savings Reach All-Time High

Personal Finance

$8 Trillion in the Bank; Americans’ Savings Reach All-Time High

$8 Trillion in the Bank; Americans’ Savings Reach All-Time High

Americans had $8 trillion in savings during the first quarter of 2011, more money than at any other time in history, according to a report issued this week by Market Rates Insight, a banking research firm. To reach this record savings amount, American adults socked away $118 billion in just four months, according to the… Read More

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